Power restored after outages hit London and other parts of U.K.

Travellers watch the announcement boards in Euston rail station during the busy morning rush hour on August 09, 2019 in London, England. The train network was hit by major delays yesterday after all services out of London Euston were suspended due to a signal failure. Leon Neal | Getty Images


Travellers watch the announcement boards in Euston rail station during the busy morning rush hour on August 09, 2019 in London, England. The train network was hit by major delays yesterday after all services out of London Euston were suspended due to a signal failure. Leon Neal | Getty Images
Power restored after outages hit London and other parts of U.K. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: mallika mitra, grace shao
Keywords: news, cnbc, companies, train, power, yesterday, suspended, london, euston, travellers, restored, station, signal, services, parts, outages, uk, hit, watch


Power restored after outages hit London and other parts of U.K.

Travellers watch the announcement boards in Euston rail station during the busy morning rush hour on August 09, 2019 in London, England. The train network was hit by major delays yesterday after all services out of London Euston were suspended due to a signal failure.

Leon Neal | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: mallika mitra, grace shao
Keywords: news, cnbc, companies, train, power, yesterday, suspended, london, euston, travellers, restored, station, signal, services, parts, outages, uk, hit, watch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

London Stock Exchange agrees to buy Refinitiv in $27 billion deal

Intel says 5G networks will be a focus after Apple buys modem…Intel CEO Bob Swan explained the rationale behind the sale of the company’s modem business to Apple for $1 billion and said the chipmaker still has a big role to play in 5G…Technologyread more


Intel says 5G networks will be a focus after Apple buys modem…Intel CEO Bob Swan explained the rationale behind the sale of the company’s modem business to Apple for $1 billion and said the chipmaker still has a big role to play in 5G…Technologyread more
London Stock Exchange agrees to buy Refinitiv in $27 billion deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, agrees, billion, buy, intel, exchange, refinitiv, swan, stock, role, rationale, sale, 27, london, modem, modemintel, networks, apple, play, deal


London Stock Exchange agrees to buy Refinitiv in $27 billion deal

Intel says 5G networks will be a focus after Apple buys modem…

Intel CEO Bob Swan explained the rationale behind the sale of the company’s modem business to Apple for $1 billion and said the chipmaker still has a big role to play in 5G…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, agrees, billion, buy, intel, exchange, refinitiv, swan, stock, role, rationale, sale, 27, london, modem, modemintel, networks, apple, play, deal


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Shares of Nintendo slip after 10% quarterly profit plunge

Vintage Nintendo Game Boy Game characters seen for sale during London Film and Comic Con 2019 at Olympia London on July 28, 2019 in London, England. Shares of Japanese gaming firm Nintendo slipped on Wednesday after the company reported a 10% drop in its quarterly profit the day before. By the end of the trading day in Tokyo on Wednesday, Nintendo’s stock was down 1.21%. The slide came after Nintendo reported Tuesday that its operating profit for the three months through June was 27.4 billion ye


Vintage Nintendo Game Boy Game characters seen for sale during London Film and Comic Con 2019 at Olympia London on July 28, 2019 in London, England. Shares of Japanese gaming firm Nintendo slipped on Wednesday after the company reported a 10% drop in its quarterly profit the day before. By the end of the trading day in Tokyo on Wednesday, Nintendo’s stock was down 1.21%. The slide came after Nintendo reported Tuesday that its operating profit for the three months through June was 27.4 billion ye
Shares of Nintendo slip after 10% quarterly profit plunge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: eustance huang
Keywords: news, cnbc, companies, yen, plunge, profit, nintendos, day, nintendo, slip, stock, 2019, good, quarterly, game, shares, london, toto


Shares of Nintendo slip after 10% quarterly profit plunge

Vintage Nintendo Game Boy Game characters seen for sale during London Film and Comic Con 2019 at Olympia London on July 28, 2019 in London, England.

Shares of Japanese gaming firm Nintendo slipped on Wednesday after the company reported a 10% drop in its quarterly profit the day before.

By the end of the trading day in Tokyo on Wednesday, Nintendo’s stock was down 1.21%.

The slide came after Nintendo reported Tuesday that its operating profit for the three months through June was 27.4 billion yen (approx. $252.41 million), way off the 40 billion yen average of 10 analyst estimates compiled by Refinitiv.

Earlier in the trading day, when the stock had tumbled more than 3%, one analyst told CNBC that the market was “overreacting” to Nintendo’s earnings miss.

“The stock market, you know, typically overreacts to bad or also to good … Nintendo news,” Serkan Toto, CEO of game industry consultancy Kantan Games, told CNBC’s “Squawk Box” on Wednesday.

“”The quarter was not good for Nintendo but I don’t think that it’s as bad as the current stock price … is showing it,” Toto said.

Commenting on Nintendo’s quarterly performance, Toto said year-over-year sales of the Switch console increased despite the quarter being “almost devoid” of big game releases. That lack of major titles, he added, was “one of the reasons why the numbers were not as good as they … could’ve been.”

Earlier in June, Nintendo announced it was delaying the launch of the latest installment of its “Animal Crossing” franchise, a highly anticipated release. Originally scheduled to be released later in 2019, it has since been pushed back to March 2020.


Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: eustance huang
Keywords: news, cnbc, companies, yen, plunge, profit, nintendos, day, nintendo, slip, stock, 2019, good, quarterly, game, shares, london, toto


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Don’t ‘demonize’ energy firms: BP boss says climate activists should avoid polarizing society

Greenpeace activists unfurl a banner as they blockade all entrances to the BP headquarters in London, demanding an end to all new oil and gas exploration on May 20, 2019 in London, England. BP Chief Executive Bob Dudley urged climate activists not to “demonize” companies, following several weeks of protests designed to highlight how fossil fuels contribute to climate change. The energy giant has been targeted by climate activist groups on numerous occasions in recent months, with demonstrators i


Greenpeace activists unfurl a banner as they blockade all entrances to the BP headquarters in London, demanding an end to all new oil and gas exploration on May 20, 2019 in London, England. BP Chief Executive Bob Dudley urged climate activists not to “demonize” companies, following several weeks of protests designed to highlight how fossil fuels contribute to climate change. The energy giant has been targeted by climate activist groups on numerous occasions in recent months, with demonstrators i
Don’t ‘demonize’ energy firms: BP boss says climate activists should avoid polarizing society Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: sam meredith
Keywords: news, cnbc, companies, avoid, london, greenpeace, recent, boss, groups, demonize, climate, polarizing, society, firms, bp, headquarters, oil, activists, energy, dont, uk


Don't 'demonize' energy firms: BP boss says climate activists should avoid polarizing society

Greenpeace activists unfurl a banner as they blockade all entrances to the BP headquarters in London, demanding an end to all new oil and gas exploration on May 20, 2019 in London, England.

BP Chief Executive Bob Dudley urged climate activists not to “demonize” companies, following several weeks of protests designed to highlight how fossil fuels contribute to climate change.

The energy giant has been targeted by climate activist groups on numerous occasions in recent months, with demonstrators increasingly angry about the lack of progress toward a lower carbon future.

“I don’t think it helps anything to demonize companies or groups. It gets society polarized and it is really hard to move through big complex problems when you set that up,” BP CEO Bob Dudley told CNBC’s “Squawk Box Europe” on Tuesday.

Dudley said he hoped BP would continue to have meaningful dialogue with climate protesters moving forward, before pointing out that “London seems to be the world center of this strong debate today.”

The United Nations (UN) has recognized climate change as “the defining issue of our time,” with a recent report calling the crisis “the greatest challenge to sustainable development.”

Since the start of May, climate activists from Greenpeace have blockaded BP’s U.K. headquarters, demonstrated outside the company’s European base, picketed petrol stations worldwide, spoken out against the company’s U.K. arts sponsorship and scaled an oil rig as it was being towed to one of BP’s North Sea projects.


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: sam meredith
Keywords: news, cnbc, companies, avoid, london, greenpeace, recent, boss, groups, demonize, climate, polarizing, society, firms, bp, headquarters, oil, activists, energy, dont, uk


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here’s what we know about new UK PM Boris Johnson and what he means for Brexit

Boris Johnson, the U.K.’s next prime minister, is a charismatic and sometimes controversial figure that already divides his own party and the British public alike. Some ministers have already said they would resign is Johnson became prime minister, including Finance Minister Philip Hammond. When Mayor of London, Boris Johnson got stuck on a zip-line during BT London Live in Victoria Park on August 01, 2012 in London, England. Newly elected leader of the Conservative party Boris Johnson leaves Co


Boris Johnson, the U.K.’s next prime minister, is a charismatic and sometimes controversial figure that already divides his own party and the British public alike. Some ministers have already said they would resign is Johnson became prime minister, including Finance Minister Philip Hammond. When Mayor of London, Boris Johnson got stuck on a zip-line during BT London Live in Victoria Park on August 01, 2012 in London, England. Newly elected leader of the Conservative party Boris Johnson leaves Co
Here’s what we know about new UK PM Boris Johnson and what he means for Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: holly ellyatt
Keywords: news, cnbc, companies, london, know, party, means, minister, brexit, uk, heres, johnson, public, boris, getty, conservative, images, prime


Here's what we know about new UK PM Boris Johnson and what he means for Brexit

Boris Johnson, the U.K.’s next prime minister, is a charismatic and sometimes controversial figure that already divides his own party and the British public alike. Johnson was announced as the winner of the ruling Conservative Party’s leadership race on Tuesday, winning 92,153 of the party membership’s vote, making him both leader of the party, and the U.K. Here’s a brief summary of the colorful background of the U.K.’s new leader.

Who is ‘Boris’?

Johnson — full name Alexander Boris de Pfeffel Johnson (and widely known just as “Boris” in the British media and public) — rose to prominence in British public life when he was mayor of London from 2008 to 2016, although he had been a member of parliament (MP) for the Conservative Party since 2001 after a checkered career in journalism. Johnson himself was born in New York and had both American and British citizenship before renouncing the former in 2017. It’s widely reported that Johnson said as a child that his ambition was to be “world king.” He has a colorful family history with links to European and British aristocracy and is descended from King George II. Johnson studied at the prestigious Eton College private school and then Oxford University and was a journalist before entering politics. His career in the media was mired in controversy when he was sacked for fabricating a quote. He later went to work as a journalist in Brussels where he became infamous for his euroskeptic reporting on the European Commission.

MP Boris Johnson and Secretary of State for Foreign Affairs Jeremy Hunt participate in a Conservative Leadership televised debate on June 18, 2019 in London, England.(Photo by Jeff Overs/BBC via Getty Images) Jeff Overs | BBC | Getty Images

Later becoming a politician and London mayor, he then took a pro-Brexit stance ahead of the 2016 U.K. referendum on EU membership. It is widely speculated that Johnson was undecided about which side to support before declaring that he was supporting the ‘Leave ” campaign. Following former Prime Minister David Cameron’s resignation after the referendum result in June 2016, Johnson was appointed as foreign minister in Theresa May’s government. He resigned from that position in 2018, however, in protest at May’s approach to Brexit. Some ministers have already said they would resign is Johnson became prime minister, including Finance Minister Philip Hammond. Johnson is likely to replace the current top team of ministers.

Controversies and gaffes

Johnson is no stranger to a public gaffe, in fact, his rise to prominence (and popularity among right-leaning Conservatives) might in no small part be attributed to his attention-grabbing, unfiltered comments on a wide variety of topics that have often got him into trouble. When working back in London as a journalist in 2002, Johnson prompted controversy writing an article about a prime ministerial trip to the Democratic Republic of Congo in which he used racist terms. He recently apologized for those remarks but has made other controversial comments over the years, cementing his public persona as somewhat eccentric, gaffe-prone, and buffoonish (a persona only accentuated by Johnson’s unruly mop of blonde hair) — although many have questioned how much of the buffooning is real, and who is the real Boris. Critics say Johnson is unsuitable for high office because of his previous comments; he was accused of Islamophobia after saying Muslim women wearing burkas looked “like letter boxes.” He once said Hillary Clinton looked like a “sadistic nurse in a mental hospital” and dismissed Donald Trump before he became president in 2016. When Trump said in 2015 that some parts of London had become so radicalized that police fear for their lives, Johnson retorted that “the only reason I wouldn’t visit some parts of New York is the real risk of meeting Donald Trump.” But Johnson has since become closer to Trump, and the U.S. president said he would do a “great job” as prime minister.

When Mayor of London, Boris Johnson got stuck on a zip-line during BT London Live in Victoria Park on August 01, 2012 in London, England. Barcroft Media | Barcroft Media | Getty Images

There have been many moments of levity provided by Johnson who has been known to play the fool — the image of Johnson stuck dangling from a zip wire when promoting the London 2012 Olympics is one that is indelible in many Brits’ minds. Elsewhere, his over-exuberance on the sports field led to him flooring a 10-year-old Japanese boy in a game of street rugby in Tokyo, and bulldozing a former international German footballer in a friendly game of soccer.

What about the B-word?

There is undoubtedly one topic that is sure to give Johnson a headache as soon as he takes office and that’s Brexit, an issue that cost Johnson’s former boss, Theresa May, her job as prime minister following repeated parliamentary rejections of the Brexit deal she struck with the EU. Johnson has been one of the most vociferous supporters of leaving the EU, although many have questioned his motivation and belief in Brexit. One unpublished article he penned (before he declared support for leaving the EU) showed him arguing in favor of remaining in the bloc. The story prompted criticism that his support for Leave reflected personal ambition rather than the country’s interest. But attention is now on what the Brexiteer — who has criticized the U.K’.s approach from the sidelines since quitting government — will do with what has become a prolonged political mess with no obvious solution that can unite a polarized political establishment and public.

Newly elected leader of the Conservative party Boris Johnson leaves Conservative party HQ in Westminster, London, after it was announced that he had won the leadership ballot and will become the next Prime Minister. (Photo by Stefan Rousseau/PA Images via Getty Images) Stefan Rousseau PA Images | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: holly ellyatt
Keywords: news, cnbc, companies, london, know, party, means, minister, brexit, uk, heres, johnson, public, boris, getty, conservative, images, prime


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Commuters on London’s world famous underground to get 4G services next year

Transport for London (TfL) has announced plans to roll out 4G services on the London Underground. In a statement Friday, TfL said that hundreds of miles of cabling had been installed across its network. The plan is for the entire Tube network to have mobile connectivity by the mid-2020’s. Passengers on the London Underground – which is used by over 5 million people per day – can already connect to a free WiFi service at over 260 stations. The London Underground dates back to 1863, when the world


Transport for London (TfL) has announced plans to roll out 4G services on the London Underground. In a statement Friday, TfL said that hundreds of miles of cabling had been installed across its network. The plan is for the entire Tube network to have mobile connectivity by the mid-2020’s. Passengers on the London Underground – which is used by over 5 million people per day – can already connect to a free WiFi service at over 260 stations. The London Underground dates back to 1863, when the world
Commuters on London’s world famous underground to get 4G services next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: anmar frangoul
Keywords: news, cnbc, companies, londons, underground, commuters, verma, services, london, famous, stations, world, wifi, tunnels, mobile, tfl, connectivity, network, 4g


Commuters on London's world famous underground to get 4G services next year

Transport for London (TfL) has announced plans to roll out 4G services on the London Underground.

From March 2020, passengers using the eastern half of the Jubilee line will experience “full mobile connectivity” on station platforms and in tunnels, allowing them to make and receive calls, browse the internet and use social media.

In a statement Friday, TfL said that hundreds of miles of cabling had been installed across its network. The plan is for the entire Tube network to have mobile connectivity by the mid-2020’s.

“The London Underground network is an incredibly challenging environment in which to deliver technological improvements, but we are now well on the path to delivering mobile connectivity within our stations and tunnels,” Shashi Verma, TfL’s chief technology officer, said in a statement.

“We have begun the complex work to allow our customers to be able to get phone reception within our tunnels from March 2020, with more stations and lines coming online during the coming years,” Verma added.

Passengers on the London Underground – which is used by over 5 million people per day – can already connect to a free WiFi service at over 260 stations. The WiFi service is also available on TfL Rail services.

Sadiq Khan, the mayor of London, said the introduction of “mobile connectivity” from next March was a “really important step for the millions of people who use the Tube each year.”

“Introducing 4G and, in the future, 5G will help Londoners and visitors keep in touch and get the latest travel information while on the go,” he added.

The London Underground dates back to 1863, when the world’s first subterranean railway was opened between Paddington and Farringdon Street.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: anmar frangoul
Keywords: news, cnbc, companies, londons, underground, commuters, verma, services, london, famous, stations, world, wifi, tunnels, mobile, tfl, connectivity, network, 4g


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

London house prices slump at fastest rate in almost 10 years

The economic signs are moving against the Fed’s expected rate cutThe central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a… The Fedread more


The economic signs are moving against the Fed’s expected rate cutThe central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a… The Fedread more
London house prices slump at fastest rate in almost 10 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: david reid
Keywords: news, cnbc, companies, fastest, prices, house, moving, holding, generally, london, showing, pronounced, normally, feds, slump, recession, signs, rate


London house prices slump at fastest rate in almost 10 years

The economic signs are moving against the Fed’s expected rate cut

The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a…

The Fed

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: david reid
Keywords: news, cnbc, companies, fastest, prices, house, moving, holding, generally, london, showing, pronounced, normally, feds, slump, recession, signs, rate


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Deutsche Bank CEO says he reprimanded executives for having $1,800 suits fitted day of mass layoffs

Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesDeutsche Bank CEO Christian Sewing says he reprimanded executives for having expensive custom suits tailored the day that mass layoffs hit the troubled bank’s offices in London, New York and Tokyo. Two tailors were photographed coming out of the German bank’s London office on Monday. D


Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesDeutsche Bank CEO Christian Sewing says he reprimanded executives for having expensive custom suits tailored the day that mass layoffs hit the troubled bank’s offices in London, New York and Tokyo. Two tailors were photographed coming out of the German bank’s London office on Monday. D
Deutsche Bank CEO says he reprimanded executives for having $1,800 suits fitted day of mass layoffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: spencer kimball
Keywords: news, cnbc, companies, day, banks, layoffs, troubled, bank, having, deutsche, suits, christian, mass, fitted, ceo, sewing, german, billion, executives, london, reprimanded


Deutsche Bank CEO says he reprimanded executives for having $1,800 suits fitted day of mass layoffs

Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through cost cutting. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

Deutsche Bank CEO Christian Sewing says he reprimanded executives for having expensive custom suits tailored the day that mass layoffs hit the troubled bank’s offices in London, New York and Tokyo. Two tailors were photographed coming out of the German bank’s London office on Monday. Originally, the men were incorrectly identified as employees who had been sacked. In reality, they were at Deutsche’s London office to fit $1,800 suits for senior staff who were not hit by the job cuts, according to a report in Financial News. “That someone would let a tailor come on such a day is disrespectful,” Sewing said in an interview with the German newspaper Handelsblatt on Thursday. “In no way is this behavior in keeping with our values.”

When asked if there would be any personnel consequences, Sewing said only that he called the “colleagues” involved and discussed the incident with them.

“I assume in any case that the two colleagues will not forget my telephone call,” Sewing said, suggesting he gave them a tongue-lashing.

Deutsche Bank announced Sunday that it was shutting down its global stock trading business and slashing 18,000 positions in a massive restructuring to improve the troubled bank’s profitability.

Deutsche once sought to compete with large American banks on Wall Street, a strategy that began with its $10 billion acquisition of Bankers Trust in the late 1990s.

But the German bank’s aggressive and ambitious strategy to become a global power house ultimately backfired. Deutsche has been severely weakened by a series of costly scandals related to business practices in the run-up to the 2008 financial crisis as well as other alleged wrongdoing.

Deutsche reached a $7.2 billion settlement with the U.S. Justice Department in January 2017 for allegedly misleading investors in the sale of mortgage-backed securities. The bank was also slapped with a $630 million fine over allegations of Russian money laundering.

Those penalties came two years after the bank paid a $2.5 billion fine to U.S. and U.K. regulators for allegedly participating in a scheme to rig interest rates.

WATCH: DB wealth manager says morale positive despite job cuts


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: spencer kimball
Keywords: news, cnbc, companies, day, banks, layoffs, troubled, bank, having, deutsche, suits, christian, mass, fitted, ceo, sewing, german, billion, executives, london, reprimanded


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Microsoft opens first retail store in Europe – just down the street from Apple

Microsoft will open its first retail store in Europe on Thursday as the software giant looks to boost its physical presence and compete with other tech companies offering unique in-store experiences for customers. The 21,932 square-foot Microsoft store will be located on Oxford Circus in the center of London’s famous shopping district – just down the street from Apple’s flagship Regent Street location. Inside Microsoft’s flagship London store CNBC | Benjamin Hall”This is our very first foray int


Microsoft will open its first retail store in Europe on Thursday as the software giant looks to boost its physical presence and compete with other tech companies offering unique in-store experiences for customers. The 21,932 square-foot Microsoft store will be located on Oxford Circus in the center of London’s famous shopping district – just down the street from Apple’s flagship Regent Street location. Inside Microsoft’s flagship London store CNBC | Benjamin Hall”This is our very first foray int
Microsoft opens first retail store in Europe – just down the street from Apple Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: elizabeth schulze
Keywords: news, cnbc, companies, retail, street, opens, microsoft, physical, microsofts, flagship, companies, store, europe, london, apple, surface, tech


Microsoft opens first retail store in Europe – just down the street from Apple

Microsoft will open its first retail store in Europe on Thursday as the software giant looks to boost its physical presence and compete with other tech companies offering unique in-store experiences for customers. The 21,932 square-foot Microsoft store will be located on Oxford Circus in the center of London’s famous shopping district – just down the street from Apple’s flagship Regent Street location. London will be Microsoft’s third flagship destination, along with Sydney and New York City.

Inside Microsoft’s flagship London store CNBC | Benjamin Hall

“This is our very first foray into Europe, and we couldn’t be more pleased to be in London,” Microsoft CMO Chris Capossela said in an interview Tuesday. Microsoft is among a growing list of tech companies expanding their physical presence to complement online sales. Amazon is reportedly planning to open up to 3,000 cashier-less grocery stores by 2021. Chinese tech giant Xiaomi told CNBC in February it plans to triple its European store count by the end of the year.

Richard Lim, CEO of research firm Retail Economics, said tech companies are looking to generate buzz and loyalty in their brands by offering new in-store experiences. “Primary locations like Oxford Street, where there’s sustainable levels of footfall, where the experience is much more than retail, is one of the crucial ingredients for success,” Lim said.

A McLaren inside Microsoft’s London store CNBC | Benjamin Hall

Microsoft’s 3-floor store includes an Xbox gaming room, a customized McLaren, meeting rooms for enterprise clients and a digital classroom where students can learn how to code. Cindy Rose, CEO of Microsoft U.K., said the store appeals to general consumers, as well as the company’s more targeted customers like businesses and gamers. The store also highlights Microsoft’s Surface computers and tablets, which have helped the software titan grow its hardware business. Sales of Surface devices increased 21 percent year-on-year last quarter. “The Surface hardware that you see all throughout the store, that’s going to be a big big seller,” Capossela said. “There’s no doubt that a physical store is actually very good for choosing physical products and that’s part of why we’re here.”

Microsoft Surface Book on display in London flagship store CNBC | Benjamin Hall

The store opening puts Microsoft is a rare group of companies that can afford to expand into brick-and-mortar in the U.K. A record net 2,481 stores disappeared from Britain’s top 500 high streets in 2018 as consumers opted to shop online instead, according to research from PwC. “As more stores close up and down high streets across the U.K., that will drive more sales online,” Retail Economics’ Lim said.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: elizabeth schulze
Keywords: news, cnbc, companies, retail, street, opens, microsoft, physical, microsofts, flagship, companies, store, europe, london, apple, surface, tech


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Deutsche Bank employees begin leaving London office amid global job cull

A man carries a box as he leaves a London office of Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business, causing thousands of workers in the City of London to fear for their jobs. Deutsche Bank employees were seen leaving its London offices on Monday after the German lender announced its intent to cut 18,000 jobs by 2022 in a sweeping overhaul of its global business. A number of visibly disgruntled employees were seen leaving, some with A4 envelopes, while


A man carries a box as he leaves a London office of Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business, causing thousands of workers in the City of London to fear for their jobs. Deutsche Bank employees were seen leaving its London offices on Monday after the German lender announced its intent to cut 18,000 jobs by 2022 in a sweeping overhaul of its global business. A number of visibly disgruntled employees were seen leaving, some with A4 envelopes, while
Deutsche Bank employees begin leaving London office amid global job cull Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: elliot smith
Keywords: news, cnbc, companies, deutsche, leaving, cull, cut, global, bank, london, seen, cuts, trading, office, employees, begin, job


Deutsche Bank employees begin leaving London office amid global job cull

A man carries a box as he leaves a London office of Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business, causing thousands of workers in the City of London to fear for their jobs.

Deutsche Bank employees were seen leaving its London offices on Monday after the German lender announced its intent to cut 18,000 jobs by 2022 in a sweeping overhaul of its global business.

A number of visibly disgruntled employees were seen leaving, some with A4 envelopes, while a source with knowledge of the matter confirmed to CNBC that people were being asked on Monday morning to gather their belongings and leave the premises.

The cuts are focused in the closure of the bank’s global equities sales and trading business in a bid to improve profitability, and are part of an effort to reduce global headcount to around 74,000 and cut adjusted costs by a quarter to 17 billion euros ($19.08 billion). Deutsche Bank employs around 7,000 people in London out of the 7,990 across the U.K., having first opened in the capital in 1873.

The bank has not disclosed a regional breakdown of the job cuts, but both London and New York are hubs for its investment bank’s trading operations and may therefore bear the brunt.


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: elliot smith
Keywords: news, cnbc, companies, deutsche, leaving, cull, cut, global, bank, london, seen, cuts, trading, office, employees, begin, job


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post